Income Tax : The FAQs explain that FAST-DS, introduced through the Finance Act, 2026, offers eligible taxpayers a one-time opportunity to discl...
Income Tax : Understand why ITR refunds are delayed, how processing works at CPC, and steps taxpayers can take to track status, verify accounts...
Income Tax : Tax professionals demand an extension for ITR and Tax Audit Report due dates for AY 2025-26, citing a compressed timeline, portal ...
Income Tax : Advocates' Tax Bar Association requests an extension of ITR and tax audit deadlines for AY 2025-26, citing e-filing portal glitche...
Income Tax : Analysis of income tax return filings in India over five years, including trends, zero-tax cases, and government initiatives to en...
CA, CS, CMA : KSCAA addresses glitches in the Income Tax portal, highlighting challenges faced by taxpayers and professionals, in a representati...
Goods and Services Tax : Bikaner Tax Consultants Association seeks an extension of the Income Tax Return filing deadline due to ITD portal glitches and iss...
Income Tax : Addressing glitches in ITD portal, the Association of Tax Lawyers requests an extension for the ITR filing deadline due to signifi...
Income Tax : The Bombay High Court set aside the transfer of assessment jurisdiction after finding no cogent material or recorded reasons linki...
Income Tax : ITAT Ahmedabad held that unsecured loan additions could not be sustained where the assessee furnished confirmations, bank statemen...
Corporate Law : The court upheld ₹50,000 monthly maintenance after finding insufficient evidence of reduced income. It ruled that inability clai...
Income Tax : The Court quashed assessment and appellate orders for denying exemption on technical grounds. It emphasised that appellate proceed...
Income Tax : Himachal Pradesh High Court held that complainant failed to prove his financial capability and hence the accused is entitled to ac...
The FAQs explain that FAST-DS, introduced through the Finance Act, 2026, offers eligible taxpayers a one-time opportunity to disclose undisclosed foreign assets and income in return for immunity from specified penalties and prosecution under the Black Money Act, subject to prescribed conditions.
The Bombay High Court set aside the transfer of assessment jurisdiction after finding no cogent material or recorded reasons linking the assessee with the searched group. It held that a Section 127 transfer cannot be based on speculation.
ITAT Ahmedabad held that unsecured loan additions could not be sustained where the assessee furnished confirmations, bank statements, and tax records, and the Revenue failed to establish any cash trail or nexus with alleged accommodation entries.
The court upheld ₹50,000 monthly maintenance after finding insufficient evidence of reduced income. It ruled that inability claims must be substantiated and cannot defeat maintenance obligations.
The Court quashed assessment and appellate orders for denying exemption on technical grounds. It emphasised that appellate proceedings are a continuation of assessment and must rectify errors.
Understand why ITR refunds are delayed, how processing works at CPC, and steps taxpayers can take to track status, verify accounts, and ensure smooth credit.
Tax professionals demand an extension for ITR and Tax Audit Report due dates for AY 2025-26, citing a compressed timeline, portal glitches, and compliance complexities.
Advocates’ Tax Bar Association requests an extension of ITR and tax audit deadlines for AY 2025-26, citing e-filing portal glitches and compliance overlap.
Himachal Pradesh High Court held that complainant failed to prove his financial capability and hence the accused is entitled to acquittal. Accordingly, order of Trial Court upheld and petition is dismissed.
Analysis of income tax return filings in India over five years, including trends, zero-tax cases, and government initiatives to enhance compliance and tax base.
